Savers should calculate their CD and high-yield savings account returns before opening either type for 2026. Techa Tungateja/Getty Images

New interest rate data released this week by the Federal Deposit Insurance Corporation (FDIC) reiterated a depressing statistic: The average interest rate on a traditional savings account is barely noticeable. At just 0.40% right now, savers would only earn 40 cents on every hundred dollars deposited into one of these accounts. Leaving any sizable amount of savings in this account type, then, is likely not a good idea.

Fortunately, there are still viable, high-rate account alternatives to choose from, both of which offer returns exponentially higher than traditional savings accounts do. High-yield savings accounts , for example, and certifica

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